Merger11 Jul 2026, 08:50 pm
TVS Supply Chain Solutions Amalgamation Scheme Sanctioned by NCLT
AI Summary
TVS Supply Chain Solutions Limited announced that the National Company Law Tribunal (NCLT), Chennai Bench, has sanctioned the Scheme of Amalgamation. This scheme involves the amalgamation of Mahogany Logistics Services Private Limited, TVS SCS Global Freight Solutions Limited, White Data Systems India Private Limited, and FLEXOL Packaging (India) Limited with TVS Supply Chain Solutions Limited. The sanction from the NCLT, Bengaluru Bench for SPC International (India) Private Limited is still pending. The scheme is expected to become effective from April 01, 2023, subject to the pending sanction and filing of certified orders. Further updates will be provided upon completion of these formalities.
Key Highlights
- NCLT Chennai sanctions amalgamation scheme for TVS Supply Chain Solutions.
- Scheme involves multiple transferor companies merging into TVS Supply Chain Solutions.
- Effective date contingent on NCLT Bengaluru's approval for SPC International.
- Amalgamation aims to streamline corporate structure and operations.
- Company to inform exchanges upon scheme becoming effective.
Price Impact
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